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Research Update
Papers Presented by Economists in the Research
and Statistics Group
Number 2, 2009
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“Liquidity and Congestion,” Gara Afonso. Centro de Estudios Monetarios y Financieros seminar, Madrid, Spain, May 12. Also presented at a Universidad Carlos III de Madrid seminar, Madrid, Spain, May 18, and a Universitat Pompeu Fabra seminar, Barcelona, Spain, May 22.

 

“Systemic Risk and Liquidity in Payment Systems,” Gara Afonso. Bank of Spain semi­nar, Madrid, Spain, May 14. With Hyun Song Shin. Also presented at an IESE Business School–Universidad de Navarra seminar, Barcelona, Spain, May 25; the Financial Intermediation Research Society Conference on Banking, Corporate Finance, and Intermediation, Prague, the Czech Republic, May 28; and the Tenth Annual Conference of the Association for Public Economic Theory, Galway, Ireland, June 19.

 

“Competition and Quality Upgrading,” Mary Amiti. Centre for Economic Policy Research, European Research Workshop in International Trade, Madrid, Spain, June 1. With Amit Khandelwal.

 

“Aggregation and the PPP Puzzle in a Sticky-Price Model,” Carlos Carvalho. Central Bank of Brazil Eleventh Annual Inflation Targeting Seminar, Rio de Janeiro, Brazil, May 15. With Fernanda Nechio.

 

“Estimating the Cross-Sectional Distribution of Price Stickiness from Aggregate Data,” Carlos Carvalho. Bank of Canada seminar, Ottawa, Ontario, Canada, June 1. With Niels Dam. Also presented at the 2009 North American Summer Meeting of the Econometric Society, Boston, Massachusetts, June 7.

 

“Credit Market Competition and the Nature of Firms,” Nicola Cetorelli. Brown University Department of Economics seminar, Providence, Rhode Island, April 15. Also presented at the Federal Reserve Bank of Chicago Forty-fifth Annual Conference on Bank Structure and Competition, Chicago, Illinois, May 6.

 

“Credit Frictions and Optimal Monetary Policy,” Vasco Cúrdia. Bank of Canada seminar, Ottawa, Ontario, Canada, April 21. With Michael Woodford.

 

“The Dynamics of International Trade Invoicing,” Linda Goldberg. European Central Bank–Bank of Canada seminar, Frankfurt, Germany, June 5. With Cédric Tille.

 

“Globalized Banks: Lending to Emerging Markets in the Crisis,” Linda Goldberg. Banco de la República–National Deposit Institute of Colombia seminar, Bogotà. Colombia, May 29. With Nicola Cetorelli.

 

“Are Expectations about Economic Activity Self-Fulfilling? An Empirical Test,” Christian Grisse. Thirteenth Annual International Conference on Macroeconomic Analysis and International Finance, held at the University of Crete, Rethymno, Crete, Greece, May 29.

 

“Higher Order Beliefs and the Comovement of Asset Prices,” Christian Grisse. New York University International Economics Seminar, New York City, April 21.

 

“International Financial Transmission: Emerging and Mature Markets,” Christian Grisse. Seventh INFINITI Conference on International Finance, held at Trinity College Dublin, Dublin, Ireland, June 9. With Guillermo Felices and Jing Yang.

 

“Fundamentals-Based Exchange Rate Prediction Revisited,” Jan Groen. 2009 North American Summer Meeting of the Econometric Society, Boston, Massachusetts, June 6.

 

“Commodity Prices, Commodity Currencies, and Global Economic Developments,” Jan Groen and Paolo Pesenti. NBER Twentieth Annual East Asian Seminar on Economics, Hong Kong, June 26.

 

“Unemployment Dynamics in the OECD,” Ayşegül Şahin. 2009 Midwest Macroeconomics Meetings, Indiana University, Bloomington, Indiana, May 16. With Michael Elsby and Bart Hobijn. Also presented at a Yonsei University seminar, Seoul, Korea, June 5.

 

“Credit Default Swap Auctions,” Asani Sarkar. World Research Group conference, New York City, April 20. With Jean Helwege, Samuel Maurer, and Yuan Wang.

 

“Evolution of Risk and the Federal Reserve’s Responses to the Crisis,” Asani Sarkar. Bank of England Seminar Series, London, United Kingdom, May 19. Also presented at a University of Leicester annual workshop, Leicester, United Kingdom, May 21.

 

“Exchange Rate Risk, Transaction Costs, and the Forward-Bias Puzzle,” Asani Sarkar. Seventh INFINITI Conference on International Finance, held at Trinity College Dublin, Dublin, Ireland, June 8. With Angelo Ranaldo.

 

“Bank Liquidity, Interbank Markets, and Monetary Policy,” David Skeie. Universitat Pompeu Fabra seminar, Barcelona, Spain, June 3. With Xavier Freixas and Antoine Martin. Also presented at the 2009 Western Finance Association Annual Meetings, San Diego, California, June 19.

 

“CONDI: A Cost-of-Nominal-Distortions Index,” Andrea Tambalotti. University of Pavia seminar, Pavia, Italy, April 7. With Stefano Eusepi and Bart Hobijn. Also presented at seminars at Goethe University, Frankfurt, Germany, April 21; the European Central Bank, Frankfurt, Germany, April 22; Bocconi University, Milan, Italy, April 30; Einaudi Institute for Economics and Finance, Rome, Italy, May 4; the Bank of Italy, Rome, Italy, May 6; LUISS (Libera Università Internazionale degli Studi Sociali) Guido Carli, Rome, Italy, May 7; Bilkent University, Ankara, Turkey, May 15; and Sveriges Riksbank, Stockholm, Sweden, May 27.

 

“Rethinking the Measurement of Household Inflation Expectations: Preliminary Findings,” Wilbert van der Klaauw. Laval University seminar, Québec City, Québec, Canada, April 25. With Wändi Bruine de Bruin, Michael Bryan, Simon Potter, and Giorgio Topa.

 

“Rollover Risk and Market Freezes,” Tanju Yorulmazer. Financial Intermediation Research Society Conference on Banking, Corporate Finance, and Intermediation, Prague, the Czech Republic, May 28. With Viral Acharya and Douglas Gale. Also ­presented at the 2009 Western Finance Association Annual Meetings, San Diego, California, June 18.

 

“College Major Choice and the Gender Gap,” Basit Zafar. Fourteenth Annual Meetings of the Society of Labor Economists, Boston, Massachusetts, May 9.

 


“How Do College Students Form Expectations?” Basit Zafar. CIRPÉE (Centre Interuniversitaire sur le Risque, les Politiques Économiques, et l’Emploi) Workshop on Subjective Beliefs in Econometric Models, Laval University, Québec City, Québec, Canada, April 25. Also presented at the 2009 North American Summer Meeting of the Econometric Society, Boston, Massachusetts, June 7.